HS Icon Refined Petroleum in  Flag India

2019
Exports | Imports
: $39.2B | $5.85B, World Rnk 5 / 214
Flag Rnk 1 / 1213 | World Rnk 30 / 225
Flag Rnk 10 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.36B | $512M, Mozambique |  United Arab Emirates

2019
ECONOMIC COMPLEXITY of India
: 0.57, Rnk 45 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports: In 2019, India exported $39.2B in Refined Petroleum, making it the 5th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in India. The main destination of Refined Petroleum exports from India are: United Arab Emirates ($5.02B), Singapore ($3.71B), Netherlands ($3.34B), United States ($3.13B), and China ($1.89B).

The fastest growing export markets for Refined Petroleum of India between 2018 and 2019 were Mozambique ($1.36B), Togo ($603M), and Gibraltar ($488M).

Imports: In 2019, India imported $5.85B in Refined Petroleum, becoming the 30th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 10th most imported product in India. India imports Refined Petroleum primarily from: United Arab Emirates ($1.7B), South Korea ($646M), Singapore ($595M), Malaysia ($365M), and Saudi Arabia ($347M).

The fastest growing import markets in Refined Petroleum for India between 2018 and 2019 were United Arab Emirates ($512M), Iraq ($299M), and Oman ($226M).

Tariffs: In 2018, the average tariff for India in Refined Petroleum was 8.69%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 9.03%), Botswana (Most Favoured Nation duty rate treatement, 9.03%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 9.03%), Cameroon (Most Favoured Nation duty rate treatement, 9.03%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 9.03%).

Historical Data

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Value

EXPORTS (2019): $39.2B

IMPORTS (2019): $5.85B

NET TRADE (2019): $33.3B

In 2019, India exported $39.2B in Refined Petroleum. The main destinations of India exports on Refined Petroleum were United Arab Emirates ($5.02B), Singapore ($3.71B), Netherlands ($3.34B), United States ($3.13B), and China ($1.89B).

In 2019, India imported $5.85B in Refined Petroleum, mainly from United Arab Emirates ($1.7B), South Korea ($646M), Singapore ($595M), Malaysia ($365M), and Saudi Arabia ($347M).

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IN 2019, India HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, India HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR India WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY India WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, India's main exporting competitors in Refined Petroleum were:

In 2018, India's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2018, the average tariff for India in Refined Petroleum was 8.69%.

The countries with the highest tariffs for Refined Petroleum in India were Angola (Most Favoured Nation duty rate treatement, 9.03%), Botswana (Most Favoured Nation duty rate treatement, 9.03%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 9.03%), Cameroon (Most Favoured Nation duty rate treatement, 9.03%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 9.03%).